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Walton Street Capital sold the hotel to AllianceBernstein in October 2020 for $65.3 million. [14] The hotel left Hilton on March 31, 2022, joining Marriott International as The Madison Hotel. [15] The following day, on April 1, 2022, the hotel's sale to Fort Worth-based Crescent Real Estate for $61.2 million was announced. [16]
The chain's hotels offered accommodation for Air France flight crews in major hub cities, and the airline promoted the chain and handled reservations for it. [4] The first Meridien Hotels property was a 1,000-room hotel in the heart of Paris, the Hotel Meridien Paris, today known as Le Méridien Etoile. [5]
The hotel was bought by Le Méridien in 1986 and renamed Le Méridien Piccadilly. [ 1 ] In 2010, Starman Hotels, a joint venture between Starwood Capital Group and Lehman Brothers , [ 2 ] sold the hotel for £64 million to Host Hotels & Resorts , Dutch pension fund APG and Singaporean sovereign wealth fund GIC . [ 3 ]
In 2002 the hotel's owners, La Salle Hotel Properties, concluded a lengthy legal battle with the Le Meridien management company. [1] La Salle first announced their intention to convert the hotel to The Westin New Orleans, but instead they signed Interstate Hotels & Resorts to manage the property, and it was renamed without a brand in December ...
There were also a number of hotels which used Forte Grand as their sole name, for example the Forte Grand, Abu Dhabi hotel. Following the acquisition of Le Méridien, the Forte Grand brand was dramatically cut back, with the urban hotels being transferred to the Le Méridien brand, and all the regional UK Forte Grand hotels being demoted to the ...
On July 15, 2014, the hotel was given the temporary name Hotel New Orleans Downtown while it underwent a $29 million renovation. [5] It became the Le Méridien New Orleans on December 15, 2014. [ 6 ] [ 7 ] In 2019, Park Hotels & Resorts , which had acquired Chesapeake Lodging Trust, sold the hotel to Stonebridge Companies and Walton Street ...